More than four in ten employers, 43 percent, say the Patient Protection and Affordable Care Act has affected their retirement benefits strategy and spending, while 45 percent believe the healthcare reform law will change their retirement strategy and spending in the future, according to a LIMRA Secure Retirement Institute study released Thursday.
Fifty-five percent of those who think the PPACA has changed their retirement benefits plans said they are spending less on retirement benefits and shifting costs to workers, while 42 percent said they are spending less time evaluating their retirement plans.
"Employers have limited resources to use to manage their employees' comprehensive benefits package. The added complexity and costs of health care are definitely taking a toll on employers' ability to manage their retirement savings plans," said Alison Salka, corporate vice president and director of LIMRA SRI Research, said.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
